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D
Dave1396
March 2, 2026
Question

S Corp Health Insurance Premiums

  • March 2, 2026
  • 1 reply
  • 5 views

I created two paychecks for an employee who became an owner on January 1.  I neglected to change their health insurance on their paycheck to S Corp Medical Insurance. It still has Health Insurance (company paid). The amount stays the same - I simply need to change the name of the account to show the S Corp medical. If I edit the two checks, what else do I have to do after that?  Anything?

1 reply

E
EmanE17QuickBooks Team
QuickBooks Team
March 2, 2026

Hi Dave1396, you shouldn't need to take any further action. The edit will update the paycheck, tax calculations, and W-2 reporting automatically. Just double-check the paycheck details after saving to confirm that everything has recalculated correctly.

 

After you save the edits, verify that:

 

  • The gross wages increased to include the S Corp medical amount
  • The federal income tax recalculated should be higher
  • Social Security and Medicare taxes remain unchanged. S Corp medical is not subject to FICA
  • Box 1 wages on the W-2 preview reflect the increase

 

Feel free to visit the Community again if you need more help with running payroll. We're always here to help.

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